Granting of Time Clause Samples

The Granting of Time clause allows for the extension of deadlines or completion dates under a contract when certain events cause delays beyond a party's control. Typically, this clause outlines the process for requesting additional time, such as providing notice and substantiating the reasons for the delay, and may specify qualifying events like force majeure, changes in scope, or unforeseen site conditions. Its core function is to provide a fair mechanism for adjusting timelines, thereby preventing penalties or breaches due to legitimate delays and ensuring that both parties have clear expectations regarding schedule adjustments.
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Granting of Time. The Pledgee may at all times, without discharging or in any way affecting this Share Pledge: (i) grant to the Pledgors and/or the Company and/or to any other person any time or indulgence and/or (ii) deal with, exchange, release, modify, or abstain from perfecting or enforcing this Share Pledge, any security guarantee or other right which the Pledgee may now or hereafter have regarding the Agreement or agree to any amendment to the said document and/or any document executed or to be executed pursuant thereto.
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Granting of Time. The granting of time by the Mortgagee or compounding with any other person or company liable to the Mortgagee under any other Debt Document shall not in any way affect the Mortgagee’s rights and powers against the Mortgagor or the Vessel under the Mortgage and this Deed.
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Granting of Time the granting of any time, credit, indulgence, waiver or other concession to any person whether by the Finance Parties or any other person (whether or not at the request of any such person);
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Granting of Time. A new employee shall not be allowed to take vacation leave until completion of their probationary period, although they will accumulate days. Vacations will be granted at such times during the year as are suitable, considering both the wishes of employees and the efficiency of the operation of the department concerned. Vacations are encouraged by management to be taken in a period of consecutive days (two or more days at a time). However, one day or half day vacations may be granted at the discretion of the supervisor. Employees cannot utilize vacation leave in less than four-hour increments.
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Granting of Time. 13.1 The Pledgee may at all times, without discharging or in any way affecting this security, grant to the Pledgor and/or the Company and/or to any other person any time or indulgence, deal with, exchange, release, modify, or abstain from perfecting or enforcing any security, guarantee or other right which the Pledgee may now or hereafter have regarding the Indebtedness, or agree to any amendment to the Credit Agreement and/or any document executed or to be executed pursuant thereto.
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Related to Granting of Time

  • Time of the Essence; Computation of Time Time is of the essence for each and every provision of this Agreement. Whenever the last day for the exercise of any privilege or the discharge or any duty hereunder shall fall upon a Saturday, Sunday, or any date on which banks in New York, New York are authorized to be closed, the party having such privilege or duty may exercise such privilege or discharge such duty on the next succeeding day which is a regular business day.

  • Extension of Time If the Executive shall be in violation of any provision of this Article 6, then each time limitation set forth in this Article 6 shall be extended for a period of time equal to the period of time during which such violation or violations occur. If the Company seeks injunctive relief from such violation in any court, then the covenants set forth in this Article 6 shall be extended for a period of time equal to the pendency of such proceeding including all appeals by the Executive.

  • Amending of Time Limits The time limits fixed in both the grievance and arbitration procedure may be extended by consent of the parties.

  • Computation of Time In computing any period of time prescribed or allowed by procedures herein, the date of the act, event, or default for which the designated period of time begins to run shall not be included. The last day of the period so computed shall be counted, unless it is a Saturday, a Sunday, or a legal holiday, in which event the period runs until the end of the next day which is not a Saturday, a Sunday, or a legal holiday.

  • Delays and Extension of Time If the Contractor is delayed at any time in the progress of providing goods and/or services by an act or neglect of the District, or by changes ordered in the work, or by labor disputes, strikes, insurrections, fire, acts of God; unusual but well documented and excusable delays in performance, or other causes beyond the Contractor’s control, or by delay authorized by the District, then the contract Term of service may be extended by a contract amendment for such reasonable time as the District and the Contractor may agree.